Defense Stocks Rise on Donald Trump Victory

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Source: WSJ

U.S. defense stocks rallied in early trading Wednesday as the prospect of a short-term bump in military spending from theincoming Trump administration outweighed concerns about a possible hit to export sales.

Republican control of Congress is expected to pave the way for an increase in the Pentagon’s war fund to tackle conflicts in the Middle East, though President-elect Donald Trump hasn’t laid out plans for how he would fund pledges to boost the size of the Army, expand the Navy fleet or add more combat jets.

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